Vestas Wind Systems Ratios and Metrics

Market cap in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 19, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	21,135	22,995	13,270	29,016	27,310	27,017
Market Cap Growth	54.58%	73.28%	-54.26%	6.25%	1.08%	-30.45%
Enterprise Value	19,976	22,626	14,252	30,751	28,614	26,436
Last Close Price	7.10	7.75	4.26	9.66	8.96	8.70
PE Ratio	27.17	29.56	26.59	376.83	-	201.62
PS Ratio	1.12	1.22	0.77	1.89	1.89	1.73
PB Ratio	5.45	5.93	3.75	9.54	8.93	5.75
P/TBV Ratio	49.04	53.35	92.16	-	-	16.66
P/FCF Ratio	14.43	15.70	7.99	50.82	-	56.29
P/OCF Ratio	9.25	10.06	5.69	28.25	-	28.26
EV/Sales Ratio	1.06	1.20	0.82	2.00	1.98	1.70
EV/EBITDA Ratio	11.46	15.07	12.59	71.85	-	29.80
EV/EBIT Ratio	18.61	21.21	19.29	854.18	-	61.77
EV/FCF Ratio	13.64	15.44	8.57	53.85	-	55.08
Debt / Equity Ratio	0.87	0.87	0.92	1.11	0.79	0.31
Debt / EBITDA Ratio	1.94	1.94	2.48	5.75	-	1.39
Debt / FCF Ratio	2.30	2.30	1.97	5.93	-	2.99
Net Debt / Equity Ratio	-0.30	-0.30	-0.20	0.02	0.02	-0.23
Net Debt / EBITDA Ratio	-0.78	-0.78	-0.62	0.15	-0.09	-1.24
Net Debt / FCF Ratio	-0.80	-0.80	-0.42	0.12	-0.09	-2.29
Asset Turnover	0.75	0.75	0.73	0.72	0.73	0.83
Inventory Turnover	2.78	2.78	2.43	2.19	2.37	2.56
Quick Ratio	0.63	0.63	0.62	0.56	0.47	0.51
Current Ratio	1.00	1.00	1.04	1.06	1.01	1.01
Return on Equity (ROE)	21.02%	21.02%	15.01%	2.56%	-40.53%	3.04%
Return on Assets (ROA)	2.65%	2.65%	1.96%	0.11%	-3.03%	1.42%
Return on Invested Capital (ROIC)	27.60%	28.90%	17.42%	0.89%	-28.69%	8.43%
Return on Capital Employed (ROCE)	12.00%	12.00%	8.10%	0.40%	-14.60%	6.20%
Earnings Yield	3.68%	3.38%	3.76%	0.27%	-5.76%	0.50%
FCF Yield	6.93%	6.37%	12.52%	1.97%	-2.07%	1.78%
Dividend Yield	0.22%	1.29%	1.64%	-	-	0.57%
Payout Ratio	2.03%	9.51%	-	-	-	170.15%
Buyback Yield / Dilution	0.62%	0.62%	-0.03%	-0.36%	0.18%	-2.54%
Total Shareholder Return	0.85%	1.91%	1.61%	-0.36%	0.18%	-1.97%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.